BOC's Macklem Highlights Economy's 'Resilience' to Tariffs -- Market Talk

Dow Jones

Jun 05, 2025

1232 ET - Bank of Canada Gov. Tiff Macklem says the economy is exhibiting "some resilience to tariffs," and the likelihood of a worst-case scenario stemming from U.S. trade policy has diminished. BOC kept its main rate unchanged at 2.75%, noting firmer-than-expected inflation and an economy that has softened but has not sharply weakened. Macklem says household consumption did slow in 1Q but continues to grow even though gauges of consumer confidence have dropped steeply. Macklem adds that business investment was "a bit stronger" than anticipated in 1Q. The stronger-than-expected economic performance, coupled with accelerating core inflation, provides BOC to hold off on further rate cuts despite distress in the labor market. (paul.vieira@wsj.com; @paulvieira)

(END) Dow Jones Newswires

June 04, 2025 12:32 ET (16:32 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2541106006"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2541106006\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2541106006?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-06-05 00:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2541106006","market":"fut","top_or_hot":-1,"title":"BOC's Macklem Highlights Economy's 'Resilience' to Tariffs -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  1232 ET - Bank of Canada Gov. Tiff Macklem says the economy is exhibiting \"some resilience to tariffs,\" and the likelihood of a worst-case scenario stemming from U.S. trade policy has diminished. BOC kept its main rate unchanged at 2.75%, noting firmer-than-expected inflation and an economy that has softened but has not sharply weakened. Macklem says household consumption did slow in 1Q but continues to grow even though gauges of consumer confidence have dropped steeply. Macklem adds that business investment was \"a bit stronger\" than anticipated in 1Q. The stronger-than-expected economic performance, coupled with accelerating core inflation, provides BOC to hold off on further rate cuts despite distress in the labor market. (paul.vieira@wsj.com; @paulvieira) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 04, 2025 12:32 ET (16:32 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BOC's Macklem Highlights Economy's 'Resilience' to Tariffs -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBOC's Macklem Highlights Economy's 'Resilience' to Tariffs -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-06-05 00:32</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  1232 ET - Bank of Canada Gov. Tiff Macklem says the economy is exhibiting \"some resilience to tariffs,\" and the likelihood of a worst-case scenario stemming from U.S. trade policy has diminished. BOC kept its main rate unchanged at 2.75%, noting firmer-than-expected inflation and an economy that has softened but has not sharply weakened. Macklem says household consumption did slow in 1Q but continues to grow even though gauges of consumer confidence have dropped steeply. Macklem adds that business investment was \"a bit stronger\" than anticipated in 1Q. The stronger-than-expected economic performance, coupled with accelerating core inflation, provides BOC to hold off on further rate cuts despite distress in the labor market. (paul.vieira@wsj.com; @paulvieira) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 04, 2025 12:32 ET (16:32 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4009","symbol_name":"广告","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2541106006","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2541106006","pubTimestamp":1749054720,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1232 ET - Bank of Canada Gov. Tiff Macklem says the economy is exhibiting \"some resilience to tariffs,\" and the likelihood of a worst-case scenario stemming from U.S. trade policy has diminished. BOC kept its main rate unchanged at 2.75%, noting firmer-than-expected inflation and an economy that has softened but has not sharply weakened. Macklem says household consumption did slow in 1Q but continues to grow even though gauges of consumer confidence have dropped steeply. Macklem adds that business investment was \"a bit stronger\" than anticipated in 1Q. The stronger-than-expected economic performance, coupled with accelerating core inflation, provides BOC to hold off on further rate cuts despite distress in the labor market. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4009":"广告","BOC":"Boston Omaha Corporation"},"translate_title":"中国银行麦克勒姆强调经济对关税的“弹性”——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BOC":1},"content_text":"1232 ET - Bank of Canada Gov. Tiff Macklem says the economy is exhibiting \"some resilience to tariffs,\" and the likelihood of a worst-case scenario stemming from U.S. trade policy has diminished. BOC kept its main rate unchanged at 2.75%, noting firmer-than-expected inflation and an economy that has softened but has not sharply weakened. Macklem says household consumption did slow in 1Q but continues to grow even though gauges of consumer confidence have dropped steeply. Macklem adds that business investment was \"a bit stronger\" than anticipated in 1Q. The stronger-than-expected economic performance, coupled with accelerating core inflation, provides BOC to hold off on further rate cuts despite distress in the labor market. (paul.vieira@wsj.com; @paulvieira) \n\n\n  (END) Dow Jones Newswires\n\n\n  June 04, 2025 12:32 ET (16:32 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}